Analytics firm Verisk Analytics Inc. has acquired MarketStance, a provider of market intelligence data and analytics to the property/casualty insurance market.
Following the completion of the transaction, MarketStance will become part of ISO, a division of Verisk, and Dr. Fritz Yohn, chief executive officer and founder of MarketStance, will continue to lead the unit.
Terms of the transaction were not reported.
“MarketStance and its unique data and analysis of property and casualty premium potential will be a valuable addition to both ISO and Verisk Analytics,” said Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics.
Beth Fitzgerald, president of ISO Solutions, said MarketStance’s proprietary analytics model provides “actionable insights” around core needs that will enhance ISO’s offerings.
Yohn said becoming part of a larger company will expand his firm’s breadth of offerings and allow it to reach new customers.
MarketStance is based in Middletown, Connecticut.
Verisk Analytics is headquartered in Jersey City, New Jersey.
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